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South Africa's Absa Bets $239 Million on Deeper Control of Its Kenyan Bank
South Africa's Absa is offering about $239 million to raise its Absa Bank Kenya stake to 85%, the latest South African banking push into East Africa.
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businessdailyafrica.com
Absa Group offers Sh31bn for extra 16.5pc stake in Kenya unit
The proposed offer price comes after Absa Bank Kenya’s share price had rallied to hit an all-time high of Sh33 before easing to close at Sh29.4 on Thursday.
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businessday.co.za
Absa joins other SA banks in Kenya expansion
Absa on Friday announced it intends to up its stake in Kenyan subsidiary Absa Bank Kenya to 85% from 68.5% in a R4bn transaction that marks a growing push by South African banks…
